Where’s the chapter that has the holy captialist privatizing years and years of gains only to run to the government for hundreds of billions of dollars in bailout money paid for by taxpayers in order socialize their losses and maintain their plutocracy.
She didn’t write about OBAMA and his legacy.
And if the government had stayed out of it and let them fail and reap what they had sewn, then it wouldn’t have cost the taxpayer a dime.
Wake up.
“Where’s the chapter that has the holy captialist privatizing years and years of gains only to run to the government for hundreds of billions of dollars in bailout money paid for by taxpayers in order socialize their losses and maintain their plutocracy”
Check your premises. This NOT capitalism!! This is socialism in the name of not allowing businesses to fail, or jobs to be “lost”. And we (our government) should not have bought in to it. Capitalism DEMANDS that businesses and individuals be allowed to fail, in order to free capital and labor to move to where it is needed and away from where it is not. Read Joseph Schumpeter.
One can hardly expect anyone, Capitalist or Socialist, Marxist or Feudalist not to look to his own self-interest, and accept (or even demand) alms, IF THEY ARE AVAILABLE. But that doesn’t reflect on the economic system, rather on the people within it. The free market is the ONLY one in which society is benefitted by the natural selfishness of men, and is not dependent on largesse (even if such selflessness might exist in sufficient amount to provide for society’s needs).
I’ll state it baldly: NO economy can long exist which ignores the individual and his selfish motives as its driving force, and when “selfless” people, usually bureacrats with a vested interest in the status quo, attempt to drive an economy in the direction in which they THINK it should go, regardless of economic reality, you will get the kind of chaos we are now seeing.
It will be interesting to see how many “green” cars GM will sell per government mandate (it’s easy talking “green” when it doesn’t cost anything), and how long it will be before they come to Washington to ask for more money. Oh, wait; they already did.
BTW, has anyone noticed, re. a previous thread, that “General Motors” has its corporate mouth firmly pressed to the Federal teat, but (Henry) Ford does not? And (Walter) Chrysler doesn’t count; I doubt they will see the end of the year as an “independent” company. Schumpeter will be satisfied, at least to that extent.
Kirk
That's in the book, too. The government bails out bad businesses in this story.
You are a fool for not understanding that the requests for bailouts are the result of the socializaion of business by the govenment as well as the lack of proper management of unionized labor.
I think that people no longer understand what a capitalist really is. Please read the book to find out.......